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aleksley [76]
3 years ago
9

Joe is the owner-operator of Joe's Haircuts Unlimited. Last year he earned $100,000 in total revenues and paid $35,000 to his em

ployees and suppliers. During the course of the year, he received three offers to work for other barbers, with the highest offer being $55,000 per year. What is Joe's accounting profit?
Business
1 answer:
Agata [3.3K]3 years ago
3 0

Answer:

Accounting profit= $65,000

Explanation:

Giving the following information:

Last year he earned $100,000 in total revenues and paid $35,000 to his employees and suppliers.

The difference between the accounting profit and the economic profit is that the last one includes the opportunity cost.

In this case:

Accounting profit= 100,000 - 35,000

Accounting profit= $65,000

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<span>Low relief. A low relief is an anticipating picture with a shallow general profundity, for instance utilised on coins, on which all pictures are in low help. In the most minimal reliefs the relative profundity of the components indicated is totally contorted, and if seen from the side the picture has neither rhyme nor reason, yet from the front the little varieties inside and out enlist as a three-dimensional picture. Different forms contort profundity significantly less. It is a system which requires less work, and is in this way less expensive to deliver, as less of the foundation should be evacuated in a cutting, or less displaying is required</span>
3 0
3 years ago
In making the best economic choices, consumers compare the benefits of the choice to.
uranmaximum [27]

In making the best economic choices, consumers compare the benefits of the choice to cost.

<h3>What is economic choice?</h3>

economic choice can be regarded as the decision making by the consumer to choose the kind of product that is needed by them economically.

Therefore, the consumer usually consider the cost In making the best economic choices,  as well as the benefits.

Learn more about economic choices at: brainly.com/question/14376300

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8 0
2 years ago
The Don't Tread on Me Tire Company had retained earnings at December 31, 2015 of $202,000. During 2016, the company had revenues
vivado [14]

Answer:

The answer is $241,800

Explanation:

Step 1:

We need to find Net income.

Net income = Revenue - expense

$402,000 - $351,000

Net income is $51,000

Step 2.

Closing/ending retained earnings = beginning/starting retained earnings plus net income minus dividend.

= $202,000 + $51,000 - $11,200

=$241,800

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6 0
3 years ago
Which strategy requires a high level of understanding of what consumers value? Multiple Choice Leadership-Focus Focused-Differen
dmitriy555 [2]

Answer:

The correct option is Focused-differentiation

Explanation:

Focused-differentiation is  a  competitive strategy that portrays a product or service as uniquely valued,hence the customers are willing to pay higher price in return for its distinguishing characteristics

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Cost leadership is about being the first to reckon with when it comes offering the most competitive price.By selling at lower prices, the company is able to appeal to customers of competing brands.

8 0
3 years ago
The quantity demanded for cosmetic surgery increased by 12 percent following a period of strong economic growth that raised cons
xxMikexx [17]

Answer:

A normal good

Explanation:

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls. For normal goods, income and quantity demanded are positively correlated.

When income increased, the quantity demeaned for cosmetic surgery also increased. So, this is a normal good

7 0
3 years ago
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